Add-on Acquisition • Business Services

KBS Acquires Capital Contractors

On April 2, 2019, KBS acquired business services company Capital Contractors from Triangle Capital and Palladium Equity Partners

Acquisition Context
  • This is KBS’s 4th transaction in the Business Services sector.
  • This is KBS’s 6th transaction in the United States.
  • This is KBS’s 1st transaction in New York.

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M&A Deal Summary

Date April 2, 2019
Target Capital Contractors
Sector Business Services
Buyer(s) KBS
Sellers(s) Triangle Capital
Palladium Equity Partners
Deal Type Add-on Acquisition

Target Company

Capital Contractors

Melville, New York, United States
Capital Contractors, Inc. is a provider of janitorial and facilities maintenance services in North America. CCI maintains thousands of facilities and has been successfully serving customers for more than 75 years. Capital Contractors was formed in 1932 and is based in Melville, New York.
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Buyer Overview 1

Buyer

KBS

Oceanside, California, United States

Category Company
Founded 1967
Sector Business Services
DESCRIPTION

KBS is a provider of integrated facilities management services, including outsourced janitorial cleaning and other services, to some of the largest retail and grocery customers in the United States. KBS was founded in 1967 and is based in Oceanside, California.


Deal Context for Buyer #
Overall 6 of 14
Sector: Business Services 4 of 8
Type: Add-on Acquisition 6 of 14
State: New York 1 of 3
Country: United States 6 of 14
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Emmaculate Reflections Cleaning Services

Fort Lauderdale, Florida, United States

Emmaculate Reflections Cleaning Service is a full service company providing the highest quality, most cost-effective janitorial services to the food service, restaurant, entertainment and hospitality industries. Emmaculate Reflections specializes in cleaning dining rooms, kitchens, kitchen equipment, bars and lounges, restrooms, pressure washing, carpet washing, event staffing and porter services. Formed in 1984, Emmaculate Reflections has its footprint in 20 states east of the Mississippi River and Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 PE Facility Services

New York, New York, United States

PE Facility Services (Pristine Environments) manages, maintains and optimizes the performance of mission-critical facilities for industrial, institutional corporate real estate owners in nearly 150 million square feet of specialized buildings throughout North America. From life sciences, aerospace, data centers, oil + gas, telecom, health and wellness, and commercial real estate, PE Facility Services team of nearly 900 professionals keeps these industries buildings and facilities operating efficiently, sustainably and on budget.

Buy -

Seller Profiles 2

SELLER

Triangle Capital

Raleigh, North Carolina, United States

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION


Deal Context for Seller #
Overall 64 of 72
Sector: Business Services 5 of 6
Type: Add-on Acquisition 33 of 35
State: New York 3 of 3
Country: United States 63 of 71
Year: 2019 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 AVL Digital Group

Pennsauken, New Jersey, United States

AVL Digital Group is a provider of value-added creative, production, marketing, distribution, website hosting, digital aggregation, and artist revenue management products and services used by independent artists and authors. AVL Digital Group was formed in 1946 and is based in Pennsauken, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Main Street Gourmet

Cuyahoga Falls, Ohio, United States

Main Street Gourmet is a wholesale bakery that develops, produces, and sells a broad line of bakery products. Customers include fast-casual restaurants, bakery/cafes, coffee chains, family restaurants, grocery retailers, and broad-line distributors. Main Street Gourmet was founded in 1987 and is based in Cuyahoga Falls, Ohio.

Sell -
SELLER

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium Equity Partners was formed in 1997 and is based in New York, New York.


Deal Context for Seller #
Overall 19 of 26
Sector: Business Services 1 of 1
Type: Add-on Acquisition 7 of 10
State: New York 2 of 2
Country: United States 19 of 26
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Quirch

Coral Gables, Florida, United States

Quirch is a distributor of food products in the Southeastern U.S., Latin America, and the Caribbean, with a customer list that includes independent and chain supermarkets, foodservice distributors, processors and manufacturers, cruise lines, and restaurants. Quirch was formed in 1967 and is based in Coral Gables, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 Skinny Mixes

Clearwater, Florida, United States

Skinny Mixes is a provider of low-calorie coffee syrups and flavorings, whipped foam toppings and beverage mixes. Skinny Mixes is based in Clearwater, Florida.

Buy -